|
Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEUGART
KG |
|
|
|
|
Registered Office : |
Max-Planck-Str.
2 D 53773 Hennef |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
02.01.1965 |
|
|
|
|
Com. Reg. No.: |
HRA 1531 |
|
|
|
|
Legal Form : |
Limited
Partnership |
|
|
|
|
Line of Business : |
Wholesale
of plumbing and heating equipment and supplies |
|
|
|
|
No. of Employees : |
450 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the
fifth largest economy in the world in PPP terms and Europe's largest - is a
leading exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth in 2006 and
2007 and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew
by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to
rebounding manufacturing orders and exports - increasingly outside the Euro
Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a
reflection of the worsening euro-zone financial crisis and the financial burden
it places on Germany as well as falling demand for German exports. Domestic
demand is therefore becoming a more significant driver of Germany's economic
expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax
revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional
amendment approved in 2009 limits the federal government to structural deficits
of no more than 0.35% of GDP per annum as of 2016. Following the March 2011
Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that
eight of the country's 17 nuclear reactors would be shut down immediately and
the remaining plants would close by 2022. Germany hopes to replace nuclear
power with renewable energy. Before the shutdown of the eight reactors, Germany
relied on nuclear power for 23% of its energy and 46% of its base-load
electrical production.
|
Source
: CIA |
Neugart KG
Company Status: active
Max-Planck-Str. 2
D 53773 Hennef
Telephone:02242/90500
Telefax: 02242/9050233
Homepage: www.neugart-kg.de
E-mail:
neugart@gc-gruppe.de
DE114524164
Business relations are
permissible.
LEGAL FORM Limited
partnership
Date of foundation: 02.01.1965
Registered on: 29.04.1965
Register of
companies: Local
court 53721 Siegburg
under: HRA
1531
EUR 57,350,000.00
Cordes
& Graefe KG
Altenwall 6
D
28195 Bremen
Post
Box:
10 66
23, D 28066 Bremen
Legal
form: Limited partnership
Total
cap. EUR 671,950,000.00
contribution:
Share: EUR 57,000,000.00
Registered on: 03.02.1922
Reg.
data: 28195 Bremen, HRA 10941 HB
Limited partner:
Ulrich Heinen
Talsperrenstr. 79
D
53721 Siegburg
born:
23.11.1937
Share: EUR 350,000.00
General partner:
Jürgen
Speer
D
53773 Hennef
born:
08.02.1953
Profession: Businessman
Marital status: married
Proxy:
Uwe
Niederprüm
D
53721 Siegburg
authorized to jointly represent the company
born:
11.06.1967
Profession: Businessman
Marital status: unknown
Proxy:
Günter
Schmitz
D 53773 Hennef
authorized to jointly represent the company
born:
25.12.1949
Proxy:
Gunther Kiep
D
53809 Ruppichteroth
authorized to jointly represent the company
born:
06.01.1970
Proxy:
Günther Jenesl
D
53840 Troisdorf
born:
07.03.1958
Proxy:
Bettina Jungbluth
D 53859 Niederkassel
authorized to jointly represent the company
born:
06.09.1965
Proxy:
Gertrud Klein
D
53840 Troisdorf
authorized to jointly represent the company
born:
26.04.1965
FURTHER FUNCTIONS/PARTICIPATIONS OF JÜRGEN
SPEER (GENERAL PARTNER)
General partner:
r
Küchentechnik . KG
Ohler
Weg 9a
D 58553
Halver
Legal
form: Limited partnership
Total
cap. EUR 4,000,000.00
contribution:
Registered
on: 13.04.2006
Reg. data: 58636 Iserlohn, HRA 4179
General partner:
Neugart Beteiligungs-Kommanditgesellschaft
Max-Planck-Str. 2
D
53773 Hennef
Legal
form: Limited partnership
Total
cap. EUR 1,000.00
contribution:
Registered
on: 14.12.2011
Reg.
data: 53721 Siegburg, HRA 5477
29.04.1965 -
12.09.1995 Hartmut Neugart KG Großhandel
für
Sanitär- und Heizungsbedarf
Genker Str. 20
D
53842 Troisdorf
Limited partnership
12.09.1995 -
06.10.1998 Hartmut Neugart Nachf. KG
Genker Str. 20
D
53842 Troisdorf
Limited partnership
06.10.1998 -
02.02.2000 Hartmut Neugart Nachf. Ulrich
Heinen KG
Genker Str. 20
D
53842 Troisdorf
Limited partnership
02.02.2000 -
21.08.2002 Neugart KG
Genker Str. 20
D
53842 Troisdorf
Limited partnership
Main industrial sector
46742 Wholesale of plumbing and heating equipment
and supplies
Secondary industrial sector
46432 Wholesale of electrial domestic appliances
Works:
Neugart KG
Adenauerallee 16
D
53113 Bonn
Works:
Neugart KG
In den
Dauen 6a
D
53117 Bonn
Works:
Neugart KG
Urmitzer Str. 9
D
56218 Mülheim-Kärlich
Branch:
Neugart KG
Siemensstr. 17
D
51381 Leverkusen
TEL.:
02171/706610
Branch:
Neugart KG
Kastanienweg 8
D
51580 Reichshof
TEL.:
02265/99490
Limited partner:
Kemmerling KG
Max-Planck-Str. 40
D
50858 Köln
Legal
form: Limited partnership
Company Status: active
Total
cap. EUR 13,750,000.00
contribution:
Share: EUR 13,500,000.00
Reg.
data: 06.11.1992
Local court 50939 Köln
HRA 12976
Limited partner:
Meier
KG Fachgroßhandel für Haustechnik
Rudolf-Diesel-Str. 47
D
56220 Urmitz
Legal
form: Limited partnership
Company Status: active
Total
cap. EUR
11,150,000.00
contribution:
Share: EUR 11,000,000.00
Reg.
data: 18.09.1998
Local court 56068 Koblenz
HRA 12718
Limited partner:
WESCO
KG Fachgroßhandel für Gebäudetechnik
Rheinauer Str. 14
D
57482 Wenden
Legal
form: Limited partnership
Company Status: active
Total
cap. EUR 8,400,000.00
contribution:
Share: EUR 6,120,000.00
Reg.
data: 27.03.2007
Local court 57072 Siegen
HRA 8121
Limited partner:
EFG
RHEINLAND KG
Max-Planck-Str. 2
D
53773 Hennef
Legal form:
Limited partnership
Company Status: active
Total
cap. EUR 5,000,000.00
contribution:
Share: EUR 4,250,000.00
Reg. data: 09.12.2010
Local court 53721 Siegburg
HRA 5346
Limited partner:
Schedler KG
Auf
der Schemscheid 2
D 57072
Siegen
Legal
form: Limited partnership
Company Status: active
Total
cap. EUR 4,100,000.00
contribution:
Share: EUR 4,100,000.00
Reg.
data: 07.05.1992
Local court 57072 Siegen
HRA 5870
Limited partner:
r
Küchentechnik . KG
Ohler
Weg 9a
D
58553 Halver
Legal
form: Limited partnership
Company Status: active
Total
cap. EUR 4,000,000.00
contribution:
Share: EUR 4,000,000.00
Reg.
data: 13.04.2006
Local court 58636 Iserlohn
HRA 4179
Limited partner:
FKR Krefeld
Regeltechnik KG
Adolf-Dembach-Str. 11
D
47829 Krefeld
Legal
form: Limited partnership
Company Status: active
Total
cap. EUR 1,022,583.76
contribution:
Share: EUR 1,022,583.76
Reg.
data: 19.04.1990
Local court 47798 Krefeld
HRA 3391
Payment experience: cash discount/within agreed terms
Negative information:We
have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Max-Planck-Str. 2
D
53773 Hennef
Real Estate of: Jürgen Speer
Type of ownership: part owner
Share: 50.00 %
Address Krebsaueler Str. 64
D
53797 Lohmar
Land register documents
were not available.
Principal bank
DEUTSCHE BANK, TROISDORF
Sort. code: 37070060, BIC:
DEUTDEDKXXX
Further banks
KREISSPARKASSE SIEGBURG,
SIEGBURG
Sort. code: 38650000, BIC:
WELADED1SGB
COMMERZBANK VORMALS
DRESDNER BANK, TROISDORF
Sort. code: 37080040, BIC:
DRESDEFF370
Financial year: 01.01. - 31.12.
Turnover: 2010 EUR 75,400,000.00
2011 EUR 77,250,000.00
further
business figures:
Equipment: EUR 2,300,000.00
Ac/ts receivable: EUR 4,800,000.00
Liabilities: EUR 8,550,000.00
Real
estate of the firm: EUR 5,000,000.00
Employees:
450
The aforementioned business
figures may partly be estimated
information based on average values in the
line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
|
|
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.